PM is happy with improved economic situation

Prime Minister Prayut Chan-ocha is satisfied that the economic situation has steadily improved with spending during the five-day Songkran festival this year increasing 12-14 percent to an estimated 16 billion baht compared to the same period last year, government spokesman Lt-Gen Sansern Kaewkamnerd said on Sunday.

He added that the prime minister was also delighted to see Thai people happy with smiles on their faces during the festive period.

Consumers’ confidence index for the month of March increased to 76.8 which was the highest in two years while prices of key farm products such as sugarcane, para rubber and oil palm have risen satisfactorily, resulting in the increase of purchasing power of farmers, said the spokesman.

With rising exports in the last two quarters, he noted that the purchasing power of consumers had increased, enabling many Thais to spend more during the Songkran celebration.

He went on saying that the prime minister had urged the minister of tourism and transport to instruct provincial governors to check if hotels in their respective provinces have properly registered because the prime minister had learned that some hotels have operated without licenses.